Nobody is shipping jobs overseas. Companies are turning to overseas sites because the business climate here is getting more and more unfriendly, as politicians use class warfare to buy votes.
Most businesses would rather stay here, but as long as the government thinks it has to tax and regulate everything it can, they will continue to move to more pleasant climates. Sorry, those are just facts.
Originally Posted by CuteOldGuy
Jeffery Immelt, head of GE and Obama's Job Czar is shipping jobs overseas. So's my company. They want the revenue of doing business here but not the liability. At some point, the Democratic politicians will realize that they can't get income tax from people who don't have jobs.
I was in manufacturing for years. The jobs went over seas to save money period. Labor's cheaper, no overhead besides warehousing if the OEM even does that, and no outlay of money until at least thirty days after delivery. No OSHA, no unemployment insurance, no good working conditions, no sexual, age, race harassment may be friendly business climate, but they are cost drivers also. Follow the money. That's where the answer always is.
Originally Posted by OliviaHoward
absolutely Olivia.
http://www.theatlanticwire.com/techn...e-union/47844/
Not long ago, Apple boasted that its products were made in America. Today, few are. Almost all of the 70 million iPhones, 30 million iPads and 59 million other products Apple sold last year were manufactured overseas.
Why can't that work come home? Mr. Obama asked.
Mr. Jobs's reply was unambiguous. "Those jobs aren't coming back," he said, according to another dinner guest.
Olivia, you know I love you, but that is what a person goes into business for. To make money. That is economics, and that is capitalism. Those businesses have no obligation to stay here and lose money. What we have to do is create a business climate that will bring them back. There are ways to do that without sacrificing living wages and safe working conditions, but it would mean that government would have to give up some control, and our current batch of Democrats and Republicans won't do that. They NEED businesses to go overseas, so they can continue to demagogue class warfare issues. If Washington really wanted businesses to stay here, they would do something about it. But they won't.
Originally Posted by CuteOldGuy
So what would Washington do that isn't in the post Olivia listed COG? Here's my suggestion: institute Social Security, Welfare, OSHA, et al in China, India, Russia, Indonesia, etc
IMO taxes arent so much the problem as is the price of labor
corporate tax loopholes whether here or there ruduce rates down to almost nothing for the big boys ie GE ... the workers here amke 10-12$ an hour, the workers there make netx to nothing compared.
if the government was really interested in bringing the workforce back to this country, raise the living shit out of taxes on corps who offshore THEN cut taxes for companies who are here.
Maytag and Levi's go to mexico for cheap labor and take advantage of corporate tax loopholes? ... uh, no.
an example, Bush took the tariff off of chinese steel ... where are the steel towns today? Ghost City thats where.
my 2
Originally Posted by CJ7
Some of this was addressed in Obama's 2008 campaign promises. He's done nothing...even put Immelt in charge as Job Czar. Heck Obama won't even listen to his Job Creation Committee's suggestions. They are frustrated with BHO and many contributed generously to his campaign. Yes, I remember what you said about Obama CBJ7...but you brought up Bush. US Steel was in trouble long before Bush II.
BTW, part of the reason price of labor here is so high IS taxes. Its all part of the cost of doing business in the old USA.